JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Hits New 1-Year High at $50.68

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares reached a new 52-week high on Wednesday . The stock traded as high as $50.68 and last traded at $50.66, with a volume of 2726011 shares changing hands. The stock had previously closed at $50.65.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

The firm’s 50 day simple moving average is $50.54 and its two-hundred day simple moving average is $50.42.

Institutional Trading of JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $30,000. Hershey Financial Advisers LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $30,000. Triad Wealth Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $32,000. Finally, Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $36,000.

About JPMorgan Ultra-Short Income ETF

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.